Synopsis: The shares of this construction company were in the news today upon announcement of its Q2 result, which highlighted the company’s net profit growth at 160 per cent along with growth in multiple areas.
The shares of this company, which is one of the leading infrastructure development, construction, and management companies in the country that undertakes infrastructure projects, including highways, bridges, flyovers, power transmission lines and more, were in the spotlight today as the company announced its Q2 results with growth in multiple key areas of the business and a robust order book.
With a market cap of Rs 7,080 crore, the shares of PNC Infratech Ltd jumped more than 3 per cent in today’s trading session and reached a high of Rs 291 when compared to its previous day’s closing price of Rs 281.45. The shares are trading at an 18.5 per cent discount from their 52-week high when considering today’s high price.
Q2 FY26 Result highlights.
The revenue from operation for the company stood at Rs 1,128 crore when compared to Rs 1,427 crore in Q2 FY25, falling by about 21 per cent on a YoY basis and on a QoQ basis again falling by 22 per cent from Rs 1,423 crore in Q1 FY26.
The PAT grew by about 160 per cent on a YoY basis when you compare the Q2 FY26 profit at Rs 216 crore to Rs 83 crore in Q2 FY25 but on a QoQ basis has fallen by 50 per cent from Rs 431 crore in Q1 FY26.
About the company and others
PNC Infratech is an infrastructure construction, development, and management company with expertise in project execution, including highways, bridges, flyovers, airport runways, industrial areas, railways, and transmission lines. It has executed over 90 major infrastructure projects spread across 13 states, of which 66 are road EPC projects. It is currently executing 20 projects.
PNC Infratech’s Rs 20,100 crore order book is mainly built around projects in roads, highways, railways, airport runways and canal works, which together make up 71 per cent of the total. These segments form the bulk of the company’s active and upcoming projects, and they show where most of PNC’s construction effort is currently concentrated.
The company is stepping into new areas with two major wins in solar and mining. It has bagged a solar EPC project worth about Rs 2,000 crore from NHPC to set up a 300 MW solar plant with an energy storage system, scheduled to be completed in 24 months and backed by a 25-year PPA. In the mining space, the company has secured a Rs 2,957 crore contract from SECL for coal handling, transport, and extraction at the Gevra OCP expansion project, which will run for five years. These projects highlight PNC’s efforts to broaden its presence beyond traditional road and highway work.
It partners with a wide range of government and public sector agencies across the country, working with organisations like NHAI, NHPC, the Airports Authority of India, RITES, UP Power Corporation, MSRDC, UPEIDA, SECL and many state road and development authorities. These clients come from sectors such as roads, power, water, mining and urban infrastructure.
Written by Leon Mendonca.
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